Looks bad but unfortunately the following sequence of events (for example) is perfectly legal:
Monday - results announced / director shares sold (the need to raise funds is known by the Board but no decisions have been made on timing / amount /price and so on)
Tuesday - broker comes along and says I can raise money for you at "x" cps
Wednesday - Board meets and decides to raise money / trading halt announcement follows
NTM Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held
